Photo by Robert Bye on Unsplash

Commercial property demand to ‘gradually strengthen’ in 2023: CBRE

In February, sales rose 23.4% MoM to 1,698 units.

Transaction volumes for commercial properties will likely improve across all sectors in 2023 and beyond, according to CBRE.

In a report, CBRE said demand for commercial properties will gradually strengthen on the back of a brightening economic outlook, improving sales for the year.

In February, sales surged by 23.4% MoM to 1,698 units.

CBRE, however, said the rental and capital value performance of the market will “depend on the supply-demand balance across individual property sectors.” 

“In the short term, a rebound in the retail sector will be more evident as supported by growth in inbound travellers from a low base, followed by the hospitality segment. We expect to see more money chasing these assets going forward,” CBRE said.
 

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

The ChatGPT effect? Investors bet big on deep tech startups 
An expert from Velocity Ventures believes new startups will build their business models on the chatbot.
Hong Kong's Hottest Startups of 2023
Startups with "disruptive applications in the Web 3.0 space" dominate.
Experts rally for change in legal industry’s ‘billable system’ 
A report from UC Hastings College of the Law stated that  "a most-hours-wins system disproportionately disadvantages women partners.”